CPE & Event Catalog

Concept of strategy. Strategic optimization.

Introduction to array formulas. Using array formulas. Dynamic arrays and spill functions. Advanced array functions. Using array constants.

Understanding GenAI. GenAI players. Tax profession and GenAI. GenAI prompts.

Overview of the various types of advice tax professionals provide clients. The preparer penalties The duty to advise clients with regard to potential taxpayer penalties. The primary AICPA rules with regard to advising and communicating tax advice Circular 230 and the IRS Office of Professional Responsibility oversight and disciplinary authority. The Federally Authorized Tax Practitioner (FATPs). Understanding the attorney-client privilege. The Section 7525 Statutory Privilege and Limitations. The Work-Product Doctrine and Privilege and Limitations Kovel Engagements and Limitations.

Social Security and Medicare. Working as a senior. Self-employment and business structure. Retirement plans and savings options. Tax planning for seniors. Deductions and credits. Retirement distributions. Housing and downsizing decisions. Helping family financially.

TCJA provisions affecting tax preparation. Itemized deductions Schedule A. TCJA provisions affecting individuals. Estate and gift tax exclusion. Business-related TCJA provisions affecting individual taxes. Schedule C provisions.

Tax elections for various entities. Tax elections relevant for accounting matters. Tax elections involving special items. Key compliance procedures concerning return preparation of original and amended returns. Understanding key procedures about IRS examination. Understanding key relief provisions for oversight, errors and later discovered facts or information.

Discussion of appropriate entity selection and small taxpayer status. Walkthrough of costing methods and compliance issues under IRC 263A. Analysis of IRC 461 related to economic performance Illustrative examples and analysis. Sample computations for homebuilder unit costing. Recent IRC 263A challenges by the IRS. Update of related cases and issues.

Filing the last married tax return. Dividing the house. Dividing the investments. Dividing the pensions. Alimony and child support. Premarital agreement. Last married tax return.

Tax planning for the average taxpayer.

Income for seniors. Tax deductions.

Tax reform. Expiring provisions.

Tax research techniques. The essential tax research steps.

Tax return preparer responsibilities. Practitioner duties and restrictions. Sanctions for regulation violations.

Life insurance death benefits. Life insurance policy living proceeds.

Qualified retirement plans. Tax treatment of qualified plans. Annuities.

Health insurance coverage. Personally owned health insurance. Employer-paid health insurance. Tax favored health plans. Medical savings accounts. Health savings accounts. Disability and long-term care insurance coverage. Disability income policies. Qualified long term care insurance policies.

Financial tax planning. Building an estate. Preservation of wealth. Deferral. Reduction. Income splitting. Elimination. Estate planning. Asset protection.

Bankruptcy. Transfers incident to divorce. Asset protection. Medical, charitable and casualty. Debt cancellation and foreclosure. Repossession. Bad debts. Elderly and disabled planning. Estate planning.

Tax exemption and the many types of tax-exempt organizations. Private foundation versus public charity Form 990, Form 990-EZ, Form 990-N, Form 1023 and Form 1024. Intermediate sanctions, private inurement and private benefit. Public support. Unrelated business income tax, including Final Treasury Regulations. Special rules for advertising, bingo, and trade shows. Update on recent developments.